How has the credit crunch effected the IT industry

| Total Words: 433

Turnover in the IT industry is quite high and this is often reflected in the amount of jobs in IT that are advertised online. From a recent survey, The IT Job Board, www.theitjobboard.com specialists in jobs in IT found from a survey of 1,000 candidates that 62% of the respondents have been in their current role for two years or less.

Industry experts expected the amount of IT jobs in London for instance to increase dramatically due to the current state of the economic market, with many companies slashing their IT headcount and their spending. However, despite the recent economic woes, IT jobs in London being advertised have increased as well as the salary expectation in comparison to the same IT jobs in London being advertised pre- credit crunch.

In additon, 69% of respondents to the survey felt that their present companys position in the market was very secure. To reinforce this, 70% of the respondents to The IT Job Board survey expects their salaries to go up over the next year although 54% expected it to rise only slightly. A mere 2% predicted their salaries would go down, reflecting their faith in the security of their companies.

It has also been...

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